Seller Financing
Address
500 Sw 8th Ave, Miami, FL
Price
$ 1,649,999
Property Attributes
- MLS#A12075866
- TypeSingle Family
- Listing Status Active
- CountyMiami-Dade
- CityMiami
- Area41
- NeighborhoodHORNERS ADDN
- Zip33130
- Style
- Year Built1925
- Taxes$ 24355
- Price$ 1,649,999
- Bedrooms12
- Full Bathrooms6
- Half Bathrooms0
- Sqr Footage4658
Data Source:
Southeast Florida MLS (SEFMLS)
Property Description
Exceptional investment opportunity in the heart of Little Havana. This income-producing asset consists of two detached buildings featuring a uniform mix of six fully renovated 2-bedroom, 1-bathroom units. Operating with an efficient 31.83% expense ratio, the property generates a Net Operating Income (NOI) of $115,144.50, representing an approximate 6.98% cap rate based on a $1,649,000 purchase price. Ownership has invested over $200,000 in recent capital improvements, helping minimize future capital expenditures and offering a turnkey ownership opportunity. Major upgrades include complete interior renovations (2022), new permitted roofs (2024), new exterior stucco and paint (2024), roof-mounted mini-split HVAC systems (2024), plumbing improvements, and fully upgraded electrical systems with new main service entries and meter boxes (2025/2026). For additional confidence, the City of Miami 40- and 50-year structural recertifications have been fully completed and approved. Ideally located near Brickell, Downtown Miami, the Health District, and major employment and transportation corridors, the property benefits from strong rental demand and long-term appreciation potential associated with Miami's continued growth and development. A stabilized multifamily asset with established income, extensive recent improvements, completed recertifications, and a central Little Havana location.
| Price History | |
|---|---|
| 8/22/2026 | Listed $1,649,999 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Central |
| Cooling | Central Air |
| Possession | Close Of Escrow |
| Roof | Composition,Shingle |
| Appliances | Other,Refrigerator |
| Patio/Porch Features | Balcony,Open,Porch |
| Architectural Style | Detached,Other,Two Story |
| Pool Features | None |
| Security Features | Fire Sprinkler System |
| Restrictions | No Restrictions |
| Construction Materials | Block,Frame,Stucco |
| Year Built | 1925 |
| View | None |
| Stories Count | 2 |
| Levels | Two |
| Property Subtype | Single Family Residence |
| Tax Year | 2025 |
| County | Miami-Dade |
| Property Type | Residential |
| Subdivision Name | HORNERS ADDN |
| Facing Direction | Southwest |
| Garage Y/N | false |
| Full Baths | 6 |
| Special Listing Conditions | Listed As-Is |
| Status | Active |
| City | Miami |
| Senior Community Y/N | false |
| Zoning Description | 3901 |
| MLS Area | 41 |
| Lot Size Units | Square Feet |
| Lot Size Square Feet | 5800 |
| Carport Y/N | false |
| Listing Terms | Cash,Conventional,Owner May Carry |
| Year Built Details | Resale |
| Tax Annual Amount | 24355 |
| Lease Considered Y/N | false |
| Virtual Tour | https://www.propertypanorama.com/instaview/mia/A12075866 |
| Standard Status | Active |
| Occupancy Type | Tenant |
| Property Sub Type Additional | Single Family Residence |
| PostalCity | Miami |
| Legal Description | HORNERS ADDN PB B-160 BEG NE COR LT 32 S45.87FT W84.40 FT S9FT W30.647FT N54.87FT E115. 04FT TO POB LOT SIZE IRREGULAR OR 25762-4021 06 2007 |
Interior Features
| Interior Amenities | Second Floor Entry,First Floor Entry,Other |
|---|---|
| Flooring | Vinyl |
| Air Conditioning Y/N | true |
| Heating Y/N | true |
| Total Bedrooms | 12 |
| Total Baths | 6 |
Exterior Features
| Exterior Amenities | Balcony,Lighting,Porch |
|---|---|
| Parking Features | Driveway,Other,On Street |
| Lot Features | < 1/4 Acre |
| Water Source | Public |
| Lot Size Area | 5800 |
| Building Area Total | 4658 |
| Road Surface Type | Paved |
| Waterfront Y/N | false |
| Road Frontage Type | City Street |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 33130
Price
Taxes
Year Built
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Data Last Updated: September 21, 2026 5:29 AM UTC
